Catalytic converter thefts rise steeply, NICB reports
July is National Vehicle Theft Prevention Month. Learn about the insurance trends and explore ways to prevent vehicle theft.
As with hurricanes, wildfires and other catastrophes in 2020, auto thefts became more frequent and severe this past year, according to a preliminary analysis from the National Insurance Crime Bureau (NICB). The increase ended a two-year downward trend for stolen vehicles.
While not every driver will experience a stolen car, they will all pay for the crime through higher insurance rates, NICB reported, as around one-fourth of a typical comprehensive auto insurance premium goes to pay for auto theft claims.
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